“As soon as you stop attacking the oil and gas industry and as soon as you stop pushing a political agenda with our pension funds we are happy to do business with you.” Those are the words of Oklahoma Governor Kevin Stitt. Stitt signed into law a ban on the Sooner state contracting with banks seen as hostile to the oil & gas industry. What an odd stance for a Republican governor to take.
For one, imagine the reaction of Republicans if California Governor Gavin Newsom or New York Governor Kathy Hochul went into attack mode against financial institutions perceived as hostile to the financing of “green energy” activity. The Republican reaction would properly be disdainful simply because it’s long been accepted wisdom among Republicans that government shouldn’t dictate how businesses operate. Central planning is the path to economic stagnation.
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